Aerospace, Defense & Government Services

Our team of professionals brings an unparalleled level of industry expertise, senior banker attention and personalized service to our clients. Our commitment to excellence and hands-on approach to client services, combined with the resources of one of the largest financial service holding companies in the U.S., enables us to serve our clients with depth, focus and expert execution.


With offices strategically located within the Washington D.C. area, we provide a wealth of knowledge and insight to enable our clients to realize their strategic objectives through:

Mergers and Acquisitions: Including valuation and fairness opinions
Equity Capital Markets: Stock origination, valuation, syndication and sales
Debt Capital Markets: Bond origination, valuation, syndication and sales
Corporate Lending: Broad array of financing options, including syndicated lending
Research: Value-added insights into the equity and debt markets

 

With more than 200 transactions and an aggregate deal value of more than $10 billion, we have one of the leading investment banking teams exclusively focused on the industry

  • The Columbia Group’s Engineering Solutions Division

    On January 30, 2015, The Engineering Solutions Division of The Columbia Group, Inc. (“The Columbia Group” or “the Division”), a designer, developer, and manufacturer of cutting edge unmanned undersea vehicles serving military customers around the world, was acquired by Huntington Ingalls Industries, Inc. (“HII”). BB&T Capital Markets | Windsor Group served as the exclusive financial advisor to The Columbia Group. Financial terms of the transaction were not disclosed.

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  • LinQuest Corporation

    In December 2014, certain members of LinQuest Corporation’s (“LinQuest" or “the Company”) management team completed a buyout of the Company. LinQuest is a leading provider of technical solutions and services to the U.S. government and commercial customers, focused on the convergence of communications, command and control, and information systems. BB&T Capital Markets | Windsor Group provided a fairness opinion to LinQuest Corporation.

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  • Mercury Intelligence Systems, Inc.

    iNovex Information Systems, Inc., a Hanover Maryland-based company, (“iNovex”) has acquired Aurora, Colorado-based Mercury Intelligence Systems, Inc. (“MIS” or “the Company”), a wholly owned subsidiary of Mercury Systems, Inc. The Company is a leading provider of Big Data Analytic Processing, Predictive Analytics, and Multi-INT Analysis to customers in the United States Intelligence Community. This acquisition brings two complementary companies together to support a growing customer base and expand iNovex’s Colorado presence. iNovex plans to use this acquisition to leverage past performance, combine workforce talent in the field and in its business operations, and expose more opportunities to support its customers. The MIS acquisition brings a number of advantages to iNovex including increased stature to its already robust Colorado presence, contract diversity, and an extended group of talented professionals, as well as a number of immediate and long-term contract opportunities that target a unique set of capabilities.   BB&T Capital Markets | Windsor Group served as the exclusive financial advisor to Mercury Systems, the parent company of Mercury Intelligence Systems, in this transaction. Terms of the transaction were not disclosed.

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  • DTECH LABS, Inc.

    San Diego, CA-based Cubic Corporation (NYSE:CUB) (“Cubic”), has acquired Sterling, Virginia-based DTECH LABS, Inc. (“DTECH” or “the Company”) for up to $114.5 million, including $15 million of contingent consideration and subject to the terms of the stock purchase agreement. The Company is a leading provider of tactical baseband networking communications equipment that is utilized globally by the United States Special Operations Command as well as customers within the United States Department of Defense and commercial customers. DTECH’s ruggedized communications portfolio includes tactical and strategic networking products for portable, man-packable, vehicular and airborne applications. According to Bradley Feldmann, president and chief executive officer of Cubic Corporation, DTECH is the first step in their near-term strategy to build a niche $100-200 million C4ISR business generating mid-teen EBITDA margins. BB&T Capital Markets | Windsor Group served as the exclusive financial advisor to DTECH LABS, Inc. in this transaction.

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  • Tenacity Solutions Incorporated

    On July 31, 2014, Tenacity Solutions Incorporated (“Tenacity" or “the Company”), a leading provider of high-end, cyber security, software development, and enterprise-level systems engineering services to the Intelligence Community was acquired by Computer Sciences Corporation (“CSC"). BB&T Capital Markets | Windsor Group served as the exclusive financial advisor to Tenacity. Financial terms of the transaction were not disclosed.

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  • Materialise NV (NASDAQ GS: MTLS)

    BB&T Capital Markets’ Aerospace & Technology Group completed a transaction for a 3-D printing software company in June 2014, in an equity offering worth $96,000,000. The Company intends to use the net proceeds from the offering to expand 3D printing service center capacity, increase sales and marketing teams, fund additional research and development, and for general corporate purposes.

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  • UTX Technologies Limited

    On March 31, 2014, UTX Technologies Limited ("UTX" or “the Company”), was acquired by Verint Systems Inc. ("Verint"). The purchase price consisted of $82.9 million of cash paid at closing, subject to adjustment, with potential additional future cash payments of up to $1.5 million, contingent upon the achievement of certain performance targets over the period from closing through June 30, 2014.  BB&T Capital Markets | Windsor Group served as the exclusive financial advisor to U-TX in the transaction.

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  • Kinsey Technical Services, Inc.

    On December 13, 2013, Kinsey Technical Services, Inc. (KTSi), a portfolio company of Blue Delta Capital Partners, was acquired by the Scitor Corporation, a portfolio company of Leonard Green & Partners. BB&T Capital Markets | Windsor Group served as the exclusive financial advisor to KTSi. Financial terms of the transaction were not disclosed.

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  • Booz Allen Hamilton Inc.

    BB&T Capital Markets served as a co-manager for Booz Allen Hamilton Holding Corporation’s (NYSE: BAH) secondary offering. Booz Allen Hamilton Holding Corporation, the parent company of management consulting, technology, and engineering services firm Booz Allen Hamilton Inc., sold 12,650,000 shares of Class A common stock previously owned by an affiliate of The Carlyle Group at a price of $17 per share. Following this offering, Carlyle beneficially owns approximately 58.3 percent of the outstanding Class A common stock of Booz Allen Hamilton Holding Corporation. The selling shareholders will receive all net proceeds from the offering.

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  • EXONE

    The ExOne Company (NasdaqGM: XONE) has announced the closing of a previously announced secondary underwritten public offering of 2,656,000 shares of its common stock at a price to the public of $62.00 per share. Of the shares offered, 1,106,000 were new primary shares and 1,550,000 were offered by current selling shareholders. The selling shareholders will receive a proportionate share of the net proceeds from the offering, which closed on September 9, 2013.

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  • Cubic Corporation

    Cubic Corporation (NYSE: CUB) has announced the closing of a previously announced secondary underwritten public offering of 2,315,000 shares of its common stock at a price to the public of $45.75 per share. All of such shares were offered by certain shareholders of Cubic, which shareholders are comprised of trusts created by Cubic's founder, Walter J. Zable, who passed away in 2012. The selling shareholders will receive all of the net proceeds from the offering which closed on May 21, 2013.

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  • Perficient

    Perficient, Inc. (NASDAQ: PRFT), a leading information technology consulting firm serving Global 2000 and other large enterprise customers throughout North America, has acquired San Francisco, CA-based Clear Task, Inc. (“Clear Task”), a consulting firm focused entirely on the salesforce.com product suite. BB&T Capital Markets | Windsor Group provided a fairness opinion to Perficient, Inc.

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  • Acquisition - Honeycomb Company of America, Inc.

    Honeycomb Company of America, Inc.

    Honeycomb Company of America, Inc. ("HCOA" or "the Company"), a Sarasota, Florida-based manufacturer of complex, flight critical, bonded, composite assemblies for U.S. military aircraft platforms, has been acquired by Overall Capital Partners ("Overall"). BB&T Capital Markets | Windsor Group served as the exclusive financial advisor to HCOA. The terms of the transaction were not disclosed.

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  • IPO Co-Manager - ExOne Digital Part Materialization

    ExOne Digital Part Materialization

    The ExOne Company (the "Company") (Nasdaq: XONE) announced on Tuesday, February 12, 2013, the closing of an initial public offering of 5,483,333 shares of its Common Stock and 611,667 shares of Common Stock from Rockwell Holdings, Inc. ("RHI"), an affiliate of S. Kent Rockwell, ExOne's Chairman and Chief Executive Officer, at a public offering price of $18.00 per share, raising $109,700,000 in gross proceeds. The Company intends to use the net proceeds from the offering to grow its Production Service Centers, make investments in new materials, working capital, and general corporate purposes.

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Our Areas of Expertise

Aerospace

Airframe & Components; Composites; Avionics Systems; Electronics; MRO; Spares & Replacement Parts; Satellite Communications

Defense

C4ISR; Defense Communications; Unmanned Systems; Hardware and Manufacturing

Government Services

IT and Engineering Services; Cyber Security and Cloud Computing; Big Data Analytics; Intelligence Community; Healthcare

Advanced Manufacturing

 3D Printing, Robotics, Automation, Scanning, Lasers

Golden Era of Commercial Aerospace

Carter LeakeSenior Vice PresidentAerospace, Defense & Government Services GroupPlay The Video

Update on Defense Industry Mergers & Acquisitions

John C. HaganHead of Aerospace, Defense & Goverment Svc GroupPlay The Video